XRP Price Exits Downtrend to Hit Three-Week High
XRP has been on the offensive, having ended a 3.5-month-long downtrend with a move to three-week highs.
Ripple now owns nearly 10 percent of MoneyGram's outstanding common stock after completing its $50 million equity investment.
Criminals have used XRP to carry out their illicit activities, though hardly to the same degree as bitcoin, according to a new report from blockchain sleuthing firm Elliptic.
Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new filing.
Ripple's argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims.
Ripple has strong defenses against a lawsuit alleging it violated securities laws by selling XRP, but the road ahead is long, legal experts said.